
					Fair Value
(in thousands)	Carrying Cost		Unrealized Gain/ (Loss)		Cash and Cash Equivalents		Marketable Securities		Other Investments
As of December 30, 2022
Cash	$	236,504	$	—	$	236,504	$	—	$	—
Cash equivalents	14,325		—		14,325		—		—
Liquidity funds	30,127		—		—		—		30,127
Corporate debt securities	242,902		(5,991)		—		236,911		—
U.S. agency and U.S. treasury securities	10,045		(305)		—		9,740		—
Total	$	533,903	$	(6,296)	$	250,829	$	246,651	$	30,127
As of June 24, 2022
Cash	$	187,630	$	—	$	187,630	$	—	$	—
Cash equivalents	10,367		(1)		10,366		—		—
Liquidity funds	31,477		—		—		—		31,477

Corporate debt securities	234,689		(5,671)		—		229,018		—
U.S. agency and U.S. treasury securities	20,007		(345)		—		19,662		—
Total	$	484,170	$	(6,017)	$	197,996	$	248,680	$	31,477

All highly liquid investments with original maturities of three months or less at the date of purchase are classified as cash equivalents. Management determines the appropriate classification of its investments at the time of purchase and reevaluates the designations at each balance sheet date. The Company may sell certain of its short-term investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s short-term investments generally range from three months to three years.

The following table summarizes the cost and estimated fair value of short-term investments classified as available-for-sale securities based on stated effective maturities as of December 30, 2022 and June 24, 2022:


	December 30, 2022				June 24, 2022
(in thousands)	Carrying Cost		Fair Value		Carrying Cost		Fair Value
Due within one year	$	102,598	$	102,106	$	101,976	$	101,400
Due between one to five years	180,476		174,672		184,197		178,757
Total	$	283,074	$	276,778	$	286,173	$	280,157